SPDR Trust Series I (SPY) 116.69 0.00

Have a Happy St Paddy's Day One and All The S&P Large Cap Index ( NYSE:$SPX ) took a big step in the direction of reaching the terminal point of this Bear Market Rally . It will be fitting that the Top will come, I believe, on St Paddy's Day and also a Fibonacci 377 days since the March 6 , 2009 Low where this corrective leg began .

The SPDR S&P 500 ETF (NYSE: SPY), iShares Russell 2000 Index ETF (NYSE: IWM), and the PowerShares QQQ Trust, Series 1 ETF (NASDAQ: QQQQ) are all at new 52 weeks highs surpassing the recent January top.

The S&P 500 Large Cap Index ( NYSE:$SPX ) opened the session with a Gap Down and then proceeded to fill said Gap except for 0.02 points. For those who observed this move would have known that any downside would be regained in order to fill the remaining 0.02 point gap between 1149.97 and 1149.99 . That is exactly what happened after the Index reached an intraday Low of 1141.45.

Last week S&P closed at 17-month high at around 1,150. After living through excessive volatility, investors get scared and are decreasing allocations to equity and searching for yields in this near zero rate environments. Investors had never seen anything like this before and lots of them are more focused on preserving capital today. Main REITs